ERC Moves to Facilitate Bonus Share Approval Process for Electricity Companies
Summary
The Electricity Regulatory Commission has moved to simplify prior approval for bonus share issuance by electricity companies and other licensed entities. The proposed change would let companies submit either a board or general meeting decision instead of both when shareholding changes exceed 5%.
Key Points
- ERC discussed the proposal in its 311th meeting held on 2083/04/13.
- The current rules require prior approval if bonus share issuance changes shareholding structure by more than 5%.
- The commission wants to replace the requirement for both board and general meeting decisions with either one of them.
- The change is intended to reduce administrative burden while keeping regulatory oversight in place.
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